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June 4, 2019
Question

Hi, if my small business opened in April of 2017, when must I begin filing? All I see are questions for 2016

  • June 4, 2019
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Carl11_2
Employee
June 4, 2019

The first tax return that involves the business will not be filed until 2018, when TurboTax 2017 is released. What kind of business is it? Sole proprietorship? single member LLC? multi-member LLC? S-Corp? C-Corp? Partnership? Joint Venture? This really matters for determining just exactly how the business income/expenses gets reported to the IRS, as well as your state if your state taxes your income.

June 4, 2019
Thank you, it's a sole proprietorship. It's a Medical Billing Company.